Granada Gold Mine (CVE:GGM) Shares Down 31.3% – What’s Next?
by Sarita Garza · The Markets DailyShares of Granada Gold Mine Inc. (CVE:GGM – Get Free Report) were down 31.3% during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 2,883,515 shares changed hands during mid-day trading, an increase of 430% from the average daily volume of 543,710 shares. The stock had previously closed at C$0.08.
Granada Gold Mine Trading Down 18.8%
The stock’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04. The stock has a market capitalization of C$10.73 million, a P/E ratio of -6.50 and a beta of 3.62.
About Granada Gold Mine
Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.